Ireland As A Base For High Net Worth Individuals

Introduction

Ireland is the European jurisdiction of choice for corporate entities, including securitisation companies and investment funds. It is also the world's leading jurisdiction for aircraft finance and leasing. What is less well known is that Ireland's tax system has the key features and flexibility to be an ideal base for high net worth individuals ("HNWIs") and senior foreign executives in multinationals and financial institutions. Moreover Ireland boasts superb infrastructure, air connections, a first class education system and a mature residential property market, all of which are important considerations for someone basing themself in Ireland.

The Irish rules regarding residence and domicile are similar to, yet far simpler than, many other jurisdictions, including the UK. The UK is introducing changes which will impact long term non-domiciled residents of the UK ("non-doms"). Ireland offers a potential solution to UK non-doms who are going to be